2,000-M.P.H. AIRLINER may be on the way. President Eisenhower will ask Congress for $75 million to start development of a Mach 3 supersonic transport, which would cruise at altitudes of 55,000-75,000 ft., carry as many as 150 passengers. Government would have to contribute about $500 million before the first SST could fly in 1970. A likely builder: North American Aviation, now making the 2,000-m.p.h. B-70.
LAWSUIT THREAT against TWA finally forced Howard Hughes to turn over control, of his 78% of TWA stock to a banking and insurance-company trust. In return, he got loans totaling $165 million to pay for 20 Convair...
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